The rupee slipped slightly in relation to the dollar on the inter-bank market on Wednesday in the process of trading, dealers said. The rupee shed eight paisas versus the dollar for buying and selling at Rs 138.92 and Rs 138.95 respectively, they said.
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee did not show any change in terms of the dollar for buying and selling at Rs 139.00 and Rs 139.50 respectively, they said. While, the rupee was available against the euro for buying and selling at Rs 157.50 and Rs 159.00 respectively, they said.
In the third Asian trade, the New Zealand dollar bounced smartly on Wednesday after inflation data proved not nearly as soft as some bears had been wagering on, prompting a round of hurried short covering.
The kiwi popped up to $0.6771, from $0.6720 ahead of the figures, and looked set to test resistance around $0.6785. Speculators had shorted the currency in the hope inflation would be weak enough to narrow the odds on a cut in interest rates.
Instead, the consumer price index topped forecasts with a quarterly rise of 0.1 percent, to keep annual inflation steady at 1.9 percent.
The dollar was trading against the Indian rupee at Rs 71.200, the US currency was available at 4.131 in terms of the Malaysian ringgit and the greenback was at 6.787 in relation to the Chinese yuan.
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Open Bid Rs.139.00
Open Offer Rs.139.50
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.
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Bid Rate Rs.138.92
Offer Rate Rs.138.95
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RUPEE IN LAHORE: The Pak rupee-dollar parity stayed unchanged amid sluggish trend in the local currency market on Wednesday.
According to currency dealers, the US dollar resumed trading on its overnight closing of Rs 139.20 and Rs 139.80 as its buying and selling rates, respectively. It did not witness any change in its demand and supply situation as it firmly sustained its opening trend till close of trading, they added.
Moreover, the national currency remained under pressure for the second consecutive day versus the pound sterling. The pound's buying and selling rates further rose from Tuesday's closing of Rs 178.50 and Rs 179.60 to Rs 179.80 and Rs 181.00 respectively, they said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar gained 25 paisa against the rupee at the open currency markets of Islamabad and Rawalpindi here on Wednesday.
The dollar opened at Rs 139.25(buying) and Rs 139.35(selling) against last rate of Rs 139(buying) and Rs 139.10(selling). It closed at Rs 139.25(buying) and Rs 139.35(selling).
The buying and selling rates of one tola of gold was Rs 67,800(selling) and Rs 67,5000(buying) in the local Sarafa (gold) markets of Rawalpindi and Islamabad.
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